Element Ai
AcquiredMontreal, Canada · Founded 2016 · $604.0M raised
- Headquarters
- Montreal
- Employees
- 201–500
- Founded
- 2016
- Business Model
- B2B
- Website
- elementai.com
- Total Funding
- $604.0M
- Last Round
- $200.0M Series BNov 2019
- Rounds
- 4
- Acquisition Date
- Nov 2020
About
Element AI was a Canadian AI services company that built enterprise AI solutions for complex workflows including insurance underwriting, manufacturing, and logistics. Founded in Montreal in 2016 by AI pioneers including Yoshua Bengio, it was acquired by ServiceNow in January 2021 for approximately $230 million USD and ceased to operate as an independent company.
Summary
Element Ai is a Productivity company based in Montreal, Canada, founded in 2016. It has raised $604.0M in total across 4 rounds, most recently a $200.0M Series B round in Nov 2019. Investors include ServiceNow Ventures, DCVC (Data Collab) and Fidelity Investments Canada.
Tech & App Stack
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Funding History
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Nov 2020
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Series A through Acquisition — per-round amounts, valuations, and who invested in each round.
Investors
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